Bulletin article introduces survey of credit market conditions
An article published today in the Reserve Bank Bulletin introduces the Credit Conditions Survey, which is one of the ways the Bank monitors changes in the credit market. Credit market conditions include the availability of credit and the willingness of households and businesses to use it.
The market for credit plays an important role in New Zealand’s economy. Changes in credit market conditions can influence economic growth, as well as the stability and efficiency of the financial system.
The six-monthly survey asks banks to report on observed and expected changes in demand for credit and the availability of bank lending. The Reserve Bank is publishing key credit conditions indicators from the survey as part of its regular statistical release programme, Table C60, issued for the first time today.